International Rectifier reiterates rejection of Vishay offer

SAN FRANCISCO (MarketWatch) -- International Rectifier Corp.
IRF, +0.00%
late Monday once again rejected Vishay Intertechnology Inc.'s
VSH, +0.31%
$23-a-share bid for the company, calling it inadequate. "The Vishay offer is inadequate and should be rejected by our shareholders," said Richard Dahl, International Rectifier chairman, in a statement. Dahl said that Vishay, which first made an offer Aug. 15, has yet to secure commitments to fund the offer. Earlier in the day, Vishay formally began its hostile bid for International Rectifier by taking its bid for the company to shareholders.

Intraday Data provided by SIX Financial Information and subject to terms of use.
Historical and current end-of-day data provided by SIX Financial Information. Intraday data
delayed per exchange requirements. S&P/Dow Jones Indices (SM) from Dow Jones & Company, Inc.
All quotes are in local exchange time. Real time last sale data provided by NASDAQ. More
information on NASDAQ traded symbols and their current financial status. Intraday
data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. S&P/Dow Jones Indices (SM)
from Dow Jones & Company, Inc. SEHK intraday data is provided by SIX Financial Information and is
at least 60-minutes delayed. All quotes are in local exchange time.